Lake Charles Duplex Investment
For Sale
$160,000
3251/3255 Cedar Street, Lake Charles, LA 70615
Duplex in Lake Charles with income potential and convenient features.
Property Size1,732 SF
Lot Size0.33 Acres
Price / SF$92.38
Days on Market195
Property Features for 3251/3255 Cedar Street
General Information
Standard status
Active
Size
1,732 SF
Lot size
0.33 Acres
Property subtype
Multifamily
Zoning
Residen
Building Details
Year Built
1975
Listed By:
Steven Floyd
Source:
Cbcworldwide
Added: Mar 27
Changed: Sep 16
Last Checked: Oct 7 at 8:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Steven Floyd
Investment Insights
Based on property information with market context.
This is an investment opportunity located in Lake Charles, Louisiana. The property features a 1732 square foot duplex situated on approximately 0.33 acres. The zoning is Mixed Residential. The property is located in Flood Zone X. Each unit includes 2 bedrooms and 1 bathroom with a practical layout, totaling approximately 866 square feet per unit. A covered area is available for vehicle parking. The property also features a detached exterior space for a washer and dryer, and storage. The roof is shingled and less than 5 years old. Window units provide both heating and cooling. The property has multi-family income potential and low annual property taxes. A second duplex on the adjoining parcel is also available, offering additional investment potential for buyers looking to expand their portfolio.
Key Highlights
- Multi‑family income potential in a desirable area of Lake Charles, LA.
- Low annual property taxes (approximately $632.17) enhancing cash‑flow opportunity.
- Located in Flood Zone X, providing added peace of mind.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,439
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$228,780
$228.8K
Cap Rate 7%
$163,414
$163.4K
Cap Rate 9%
$127,100
$127.1K
Market Conditions
NOI Build-Up for 1,732 SF
Gross rent
$17.7K $10.20/SF
− Vacancy
−$1.3K −$0.77/SF
EGI
$16.3K $9.44/SF
− OpEx
−$4.9K −$2.83/SF
NOI
$11.4K $6.60/SF
Area
Calcasieu County, LA
Vacancy
7.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$228,780
Cap Rate 7%
$163,414
Cap Rate 9%
$127,100
Alternative Uses
Best Use
Multifamily LT 5
$163.4K
$143.0K – $190.7K
NOI $11,439 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$144.6K
$126.5K – $168.7K
NOI $10,121 @ 7.0% cap · market cap 6.33%
Theoretical Best
Specialty Retail
$373.3K
$326.7K – $435.6K
NOI $26,133 @ 7.0% cap · market cap 16.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Explore this area
Business Placement
Demographics for 70615, LA
14,949
Population
5,498
Households
2.7
Avg Household Size
36
Median Age
15%
College-Educated
84%
High-School Grad
45.9 sq mi
ZIP Area
326
Density / Sq Mi
$43,333
Median Household Income
$30,086
Median Earnings
$1,095
Median Rent
$128,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex in Lake Charles with income potential and convenient features.
Where is this duplex located?
The property is located at 3251/3255 Cedar Street Lake Charles, LA.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Multi‑family income potential in a desirable area of Lake Charles, LA.; Low annual property taxes (approximately $632.17) enhancing cash‑flow opportunity.; Located in Flood Zone X, providing added peace of mind.
